In a worst-case scenario, McKinsey is predicting a food deficit representing a year’s worth of nutritional intake for up to 250m people – or 3% of the global population.
Already high, egg prices likely will continue to climb as some producers struggle to meet increased demand as supplies tighten with the spread of Avian flu and efforts to convert to cage-free production ahead of looming deadlines slow repopulation efforts...
With supplies from Ukraine and Russia – which together accounted for 15.3% of global corn exports in 2020/21 - in jeopardy, “the world now turns to Brazil and the US for corn, and prices will rise,” says Rabobank, which notes that prices are already trading...